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Look for Shares of Oneok Inc to Potentially Rebound after Yesterday's 1.37% Sell Off

By James Quinn

Oneok Inc (NYSE:OKE) traded in a range yesterday that spanned from a low of $65.21 to a high of $66.89. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $67.25 on volume of 1.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Oneok Inc have traded between a low of $49.65 and a high of $71.99 and are now at $65.82, which is 33% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.2%.

SmarTrend is tracking the current trend status for Oneok Inc and will alert subscribers who have OKE in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders oneok inc

Ticker(s): OKE